Economy, asked by TbiaSamishta, 9 months ago

Identify the current year's figures at constant prices?

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Answered by Anonymous
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Answer:

here the related answer

Data reported in current (or “nominal”) prices for each year are in the value of the currency for that particular year. ... Current series are influenced by the effect of price inflation. Constant series are used to measure the true growth of a series, i.e. adjusting for the effects of price inflation

Answered by Arslankincsem
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Answer:

Gross domestic product (current LCU Local cash unit) GDP at buyer's costs is the aggregate of gross esteem included by every single inhabitant maker in the economy in addition to any item expenses and less any appropriations excluded in the estimation of the items. A base year is a cautiously picked year which is an ordinary year free from value variances. Consequently it is helpful.

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